Sunday, July 1, 2007

Most Birla Companies Mangement To Kumar Mangalam

All the companies of the Birla, including Kesoram( a big company,presently managed by Manjushree), would be now Kumar Mangalam Birla’s except Jay Shree, accordind to revised 2001 plan. It was decided by Shri BK Birla in Kolkata, he stated to control the companies for another 4-5 years. Mr Birla also said, “Kumar Mangalam will play an active role in some of my companies like Kesoram Industries and Century Enka. I am yet to decide what can be given to my daughter Manjushree. As you can understand his hands are already full and above it, he now has to spend much time on managing the integration of his new acquisition (Novelis). He told me that every day he comes to office at 8 in the morning and stays till late evening.” It is not a good sign for Manjushree.

Jay Shree Tea will be inherited by Jayshree Mohta, second daughter. Nothing was declared about the succession plans for Mangalam Cement at Kota and Delhi-based ECE Industries. Century Enka is still under Shri Birla’s control and he has no plan to hand it over to anyone.
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